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  • SapuraOMV report positive results in Toutouwai exploration well
    édité le 10/07/2020 - Plus de news de "Sapura Energy" - Voir la fiche entreprise de "Sapura Energy"

SapuraOMV report positive results in Toutouwai exploration well
Sapura Energy Berhad is pleased to announce that its associate company, SapuraOMV Upstream Sdn. Bhd. (“SapuraOMV”) together with Joint Venture partners Mitsui Exploration and Production Australia Pty Ltd (“Mitsui E&P Australia”) and OMV New Zealand Limited (“OMV NZ”) have made a discovery with a positive result in the Toutouwai-1 exploration well in the Taranaki Basin, in New Zealand. The prospect is located 50 kilometres off the Taranaki coast in 130 metres of water.

Drilling commenced in the Petroleum Exploration Permit (PEP) 60093 in early March 2020 and the target reservoir was successfully reached in April 2020. Preliminary results are encouraging with several hydrocarbon charged layers encountered in the Cretaceous sandstones.

“The positive discovery of Toutouwai opens up an exciting opportunity for us,” remarked SapuraOMV CEO Muhammad Zamri Jusoh. “This would create value and further reinforce our overall growth plan as we remain agile in these challenging times.”

SapuraOMV is a strategic partnership between Sapura Energy and OMV Aktiengesellschaft.

Currently, SapuraOMV is working with the Toutouwai Joint Venture partners, Mitsui E&P Australia and OMV NZ, on the additional work required to determine the well’s commercial viability. Given the operational risks posed to the offshore exploration drilling programme from the COVID-19 virus, the testing phase had to be curtailed.

The Toutouwai-1 exploration well is the third and final well in OMV NZ’s 2019/2020 exploration drilling campaign. At present, the well has safely been plugged and abandoned in accordance with New Zealand’s stringent regulatory requirements.

About Sapura Energy Berhad

Sapura Energy Berhad is a global integrated oil and gas services and solutions provider operating across the entire upstream value chain. The Group’s spectrum of capabilities covers exploration, development, production, rejuvenation, as well as decommissioning and abandonment. With a highly-skilled and technically-capable workforce, strategic world-class assets, and strong project management capabilities, the Group today delivers its integrated solutions and expertise in over 20 countries.

About OMV Aktiengesellschaft

OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of around 20,000 employees in 2019, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia, and Asia-Pacific as further core regions.
Daily average production was 487,000 boe/d in 2019. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and Trading JV, with a total annual processing capacity of 24.9 mn tons. Furthermore, OMV has a 36% participation in Borealis, one of the world’s leading producers of polyolefins.
he Company operates about 2,100 filling stations in ten European countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2019, gas sales volumes amounted to around 137 TWh. Sustainability is an integral part of OMV’s corporate strategy.
OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.

Origine : Communiqué Sapura Energy

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